However, as a result of an oversight that occurred when the FERS statute was first passed, post-1988 service at the Federal Reserve Board by employees enrolled in the Bank Plan and, in some limited situations, those enrolled in the Board Plan, is not creditable service under the FERS.

In the current financial year, the bank plans to open 100 new branches, including 20 specialised branches for small and medium enterprises, agriculture, wealth and non-resident services all over the country.

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